Investors Buy High Volume of Call Options on Keysight Technologies (NYSE:KEYS)

Keysight Technologies, Inc. (NYSE:KEYS) was the recipient of some unusual options trading activity on Wednesday. Traders bought 2,193 call options on the stock. This represents an increase of approximately 216% compared to the average daily volume of 695 call options.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KEYS shares. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Susquehanna reissued a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a report on Wednesday. Robert W. Baird raised their price target on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Trading Up 2.7 %

KEYS stock opened at $169.99 on Friday. The company has a market capitalization of $29.50 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies has a one year low of $119.72 and a one year high of $170.52. The company’s 50 day moving average price is $155.72 and its two-hundred day moving average price is $146.10.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. As a group, analysts predict that Keysight Technologies will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Keysight Technologies

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Keysight Technologies by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock valued at $697,411,000 after acquiring an additional 323,235 shares in the last quarter. Goodman Advisory Group LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at $35,000. Executive Wealth Management LLC bought a new position in Keysight Technologies in the 3rd quarter worth $205,000. Peloton Wealth Strategists lifted its position in shares of Keysight Technologies by 4.3% in the 3rd quarter. Peloton Wealth Strategists now owns 4,845 shares of the scientific and technical instruments company’s stock worth $770,000 after purchasing an additional 200 shares during the period. Finally, Groupama Asset Managment boosted its stake in shares of Keysight Technologies by 76.6% during the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 9,437 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.